Marketplace Morning Report

By Marketplace

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Subscribers: 1245
Reviews: 2

tanner
 May 29, 2020
I love this program so much, great reporting

John
 Oct 1, 2019
Doesn't post early enough to be useful. Usually half the cast is not news.

Description

In less than 10 minutes, we’ll get you up to speed on all the news you missed overnight. Throughout the morning, Marketplace’s David Brancaccio will bring you the latest business and economic stories you need to know to start your day. And before U.S. markets open, you’ll get a global markets update from the BBC World Service in London. 

Episode Date
Settlement matter between states and OxyContin makers appears far from settled
00:09:24

The Justice Department has moved to block the opioid settlement between OxyContin maker Purdue Pharma, saying the deal would unfairly protect the Sackler family, which owns Purdue, from future litigation. Italy becomes the first European nation to mandate proof of vaccination and other safeguards for public and private employees. We also have a discussion about the economic legacy of the Camp David accords between Egypt and Israel.

Sep 17, 2021
Child tax credit money eluding low-income families
00:08:11

The third installment of the advance child tax credit hit the bank accounts of most American households with children this week, but a new national survey suggests that some low-income families may not be getting them. President Biden is set to hold a virtual meeting with world leaders to discuss climate change in light of recent hurricanes and other climate-related incidents. China wants to sign up for a partnership that was originally designed to counter its trade practices. The BBC checks in with a preview of the elections in Germany to pick the next chancellor.

Sep 17, 2021
Lebanese welcome Iranian fuel delivery
00:07:03

From the BBC World Service: Despite U.S. sanctions, thousands of tons of Iranian fuel have been delivered to Lebanon. And Italy has become the first country in Europe to mandate that workers provide proof of coronavirus vaccination, recovery from the disease, or a recent negative test, in order to go to work.

Sep 17, 2021
How the gap between rich and poor has led to low interest rates
00:07:18

A paper by economists at Harvard University, Princeton University and the University of Chicago indicates that one explanation for the low interest rates we’ve seen in the American economy for decades has been income inequality. Marketplace senior economics contributor Chris Farrell helps us analyze this possibility. Diane Swonk chats with us for our markets discussion. It also turns out the pandemic has spurred a record number of people to sign up for insurance through the Affordable Care Act.

Sep 16, 2021
If heading back to the office freaks you out, you’re not alone
00:07:57

Some people might be excited about heading back to the office, but there are plenty of others who aren’t, and that’s taking a toll on their mental health. We talk to a mental health professional about how returning to the office is affecting people and steps employers and workers can take to prioritize mental health in the workplace. Also, we look at how recent hurricanes in the Gulf have affected oil prices.

Sep 16, 2021
A new defense pact strains Australia-China relations
00:07:12

From the BBC World Service: A new defense pact between Australia, the U.S. and the U.K. threatens to put even more strain on the relationship between Australia and China. And Zimbabwe has emerged as a leader in the drive to roll coronavirus vaccines out across Africa.

Sep 16, 2021
Have you paid rent on time? Now that can help you get a house
00:08:48

This month, Fannie Mae will allow potential homebuyers to include their rent payment history with their mortgage application. That could be especially helpful for people with little or no credit history. Susan Schmidt joins us to discuss the economy as well as whether or not Fed chair Jerome Powell will stick around. Then, we engage in a discussion about how company leaders handle the challenges that come when it’s time for people to return to the physical workplace.

Sep 15, 2021
For some workers during the pandemic, an office doesn’t get the job done
00:07:52

During this era of the pandemic workspace, people are actually finding out that they do their best work at home. Now there are questions if the traditional workspace even works in some situations. We hear from a Minnesota government employee on how she’s handling the balance between office and home. China’s retail sales numbers have grown, but at a much slower rate than expected. A report from Congress says proposed Democrat tax increases to help fuel the president’s massive spending plan would impact higher-income Americans the most.

Sep 15, 2021
Macau casino shares slide
00:07:52

From the BBC World Service: Shares in a range of Macau casino companies fell by up to a third as authorities announced a 45-day consultation period on future regulation of the sector. The President of the European Commission has warned of a “pandemic of the unvaccinated” unless efforts are stepped up to share coronavirus vaccine doses around the world. And vaccine manufacturer BioNTech has announced it aims to start producing malaria and tuberculosis shots in Africa.

Sep 15, 2021
How effective have the pandemic relief programs been?
00:09:35

Some numbers suggest that safety net programs have prevented many people from submerging into poverty. The Democrats want to keep some of those programs going, but at what cost? Jeffery Cleveland drops in to discuss the rise and fall of prices as well as what the Fed might be thinking about as inflation appears to slow down. We examine a bill that could alter how businesses like Amazon handle warehouse quotas.

Sep 14, 2021
How the trial of Elizabeth Holmes sets Theranos apart from other Silicon Valley lore
00:07:57

Today is the first full day of witness testimony in the trial of Elizabeth Holmes, who was the CEO of blood-testing startup Theranos. Federal prosecutors say Holmes deceived investors about the company’s tech capabilities and harmed patients who received faulty blood tests. Adam Lashinsky, who’s covering the trial for Business Insider, catches us up on where the trial stands at the moment. Also today, Hurricane Nicholas made landfall early this morning along the Gulf coasts of Texas and Louisiana, and it has once again disrupted Gulf oil production.

Sep 14, 2021
Evergrande acknowledges its financial difficulties
00:07:22

From the BBC World Service: The Chinese conglomerate Evergrande has detailed the extent of its financial problems. Plus, we examine the future of Norway’s oil sector following the country’s general election. And assess the plight of Nigerians who live near the country’s toxic gas flares, which are a result of oil extraction in the country.

Sep 14, 2021
Employers have a message for those seeking work: Help wanted. Also, free college.
00:07:35

Companies like Amazon, Target and Walmart have instituted programs that offer college tuition for frontline workers in an effort to draw in and retain more people. Some numbers show that the strategy is working. Julia Coronado joins us for today’s economic discussion. The BBC reports on the struggle of female gamers to boost their earning potential in the competitive gaming world of esports.

Sep 13, 2021
“Common prosperity” makes a comeback in China
00:07:52

China’s wealth inequality has been put in the spotlight recently, with Chinese president Xi Jinping pressuring the country’s 1% to pitch in and help everyone else. We talk with Marketplace’s China correspondent Jennifer Pak to get a picture of what this approach means for China’s middle class. Here in the U.S., we look at how employers are cooking up ways to draw in and retain workers in the middle of the nationwide labor shortage.

Sep 13, 2021
A conglomerate on the edge of collapse could test China’s financial system
00:08:39

From the BBC World Service: Evergrande has operations in health care, autos, theme-park developments and even bottled-water production. It’s also China’s second-biggest property developer, though with massive debts, credit ratings agencies say time is running out for the company. Plus, while nearly half of the world’s professional online gamers are women and girls, they’re only taking a fraction of the competition prize money.

Sep 13, 2021
We can neither confirm nor deny exactly how much the US spends on counterterrorism
00:07:22

The federal government grew following the Sept. 11 attacks, and a lot of money has been put toward the prevention of another attack. How much, you ask? It depends on where you look, and it gets a little murky when you do. President Biden’s decree that businesses with more than 100 employees must require workers to be vaccinated puts the Occupational Safety and Health Administration in the logistical spotlight. We speak with a former OSHA leader about it. Supermarket chain Kroger is hoping to keep growing by enlisting ghost kitchens, which are restaurants that only do delivery and takeout.

Sep 10, 2021
The Taliban is looking to resume commercial flights out of Afghanistan
00:06:55

From the BBC World Service: Officials from Qatar working with the Taliban say Kabul airport is now up and running, with special charter flights operating to Doha. Plus, how city planning has evolved to include more counter-terrorism measures since 9/11. And, climate change is one of the top issues for voters in Germany’s upcoming election.

Sep 10, 2021
Biden calls up Chinese president Xi Jinping to break the ice on U.S., China relations
00:07:34

President Biden and Chinese President Xi Jinping had a 90-minute phone call late yesterday. President Biden is trying to improve U.S and China relations, which are contentious on many levels. United Airlines announces that employees exempt from the company’s vaccination mandate for religious reasons will be put on temporary unpaid leave. In Pennsylvania, the nationwide worker shortage haunts the businesses around the United Flight 93 memorial, which are preparing for visitors as the 20th anniversary of 9/11 approaches.

Sep 10, 2021
Health care battle continues for survivors of 9/11
00:08:29

Many of the people who survived the 9/11 terror attacks 20 years ago are still dealing with a mountain of ongoing health costs. Claims have risen in recent years, many from those diagnosed with cancer. Diane Swonk is today’s guest to add more facets to the unemployment numbers discussion. A new study says racial inequalities have cost the U.S. $51 trillion dollars in lost output since 1990. And, while Google and Microsoft have pledged billions toward cybersecurity, there’s a shortage of people with cybersecurity skills.

Sep 09, 2021
Virtual reality has now come under China’s regulatory hammer
00:07:13

From the BBC World Service: A new warning from Beijing authorities about what it sees as the danger of online gaming has sent tech shares in Hong Kong tumbling. Plus, a campaign group accuses Facebook of breaking U.K. equality law in how it advertises jobs. And, could farmed seaweed provide a sustainable way to make cosmetics, recyclable packaging and even protein?

Sep 09, 2021
Biden looks to the sun to fuel green energy initiatives
00:07:19

The Biden administration laid out an ambitious solar power plan earlier this week in a new study from the Department of Energy. The study shows that the U.S. could power about 40 percent of electricity needs with solar energy. The BBC reports with more on China’s declining video game stocks. And, we take another look at post 9/11 Pennsylvania, where a memorial commemorates the crash of Flight 93 in a Shanksville field.

Sep 09, 2021
Steel and coal defined Pittsburgh’s economic identity. Now it might be tech’s time.
00:08:59

We are days away from the 20th anniversary of 9/11. Much has been said of the resilience and rebirth of downtown New York in the aftermath of the World Trade Center attacks, but what of Pennsylvania, where Flight 93 crashed in a field in Shanksville after passengers fought back against the hijackers on the plane? Marketplace’s Nova Safo joins us from Pittsburgh. The FDA is on the cusp of determining which e-cigarettes could remain on the market. Susan Schmidt is our guest today for markets and economy discussion.

Sep 08, 2021
Intel is putting billions of dollars into European chip manufacturing
00:07:25

From the BBC World Service: The semiconductor giant wants the chip-making supply chain to be spread across various regions of the world, so it’s planning to expand its manufacturing capacity in Ireland and elsewhere in Europe. Plus, as Lebanon struggles with major energy supply shortages, regional energy ministers meet in Jordan to examine how to alleviate the pressure.

Sep 08, 2021
Biden seeks billions for Ida, Afghan aid. Where exactly can that money go?
00:07:39

The White House is looking for $24 billion to help with Hurricane Ida’s aftermath along with almost $6 and a half billion for the resettlement of evacuees from Afghanistan. Marketplace’s Andy Uhler joins us to talk about the details. The BBC reports on China’s regulatory sweep now hitting the education sector. Then, we take a trip to Pittsburgh to get a snapshot of the region’s economic outlook as we near the 20th anniversary of 9/11. 

Sep 08, 2021
Next up for Biden? Moving forward with trillions on domestic spending.
00:09:57

The White House had to navigate the challenges of the exit from Afghanistan and softening the impact of the delta variant for most of August. With September, President Biden hopes to shift his focus on to his economic agenda. Paul Christopher of Wells Fargo is today’s guest for our economy and markets discussion. The BBC reports on El Salvador making bitcoin an official currency there. It’s the first nation to do so, and that’s triggered some unrest.

Sep 07, 2021
Northeast, Gulf regions healing from Hurricane Ida’s damage
00:07:41

Hurricane Ida’s march through the Gulf Coast and the northeast left behind destruction that’s still being calculated. Nancy Marshall-Genzer gives us an update on the post-Ida recovery process. Supply chain issues are still plaguing the construction industry, which is also losing jobs. We also get an economic postcard from Africa, where the tourist destination of Victoria Falls is seeing a decrease in visitors.

Sep 07, 2021
Bitcoin can now be used to pay for your grocery run in El Salvador
00:07:47

From the BBC World Service: The Latin American country will require businesses when possible to accept bitcoin from paying customers. It’s the first nation to have bitcoin as an official currency. But there have been protests and the World Bank and IMF have expressed concerns over the move. Plus, semiconductor shortages are on the agenda at a major motor industry trade show in Munich. And, how a coup in Guinea, one of the world’s biggest bauxite producers, sparked supply concerns, leading aluminum prices to surge to a 10-year high.

Sep 07, 2021
The role of unions in closing the racial wealth gap
00:06:51

New analysis out today from the Center for American Progress finds “a typical union household is more than twice as wealthy as a typical non-union household,” and it’s even more significant for Black and Hispanic workers, in particular. Also, for the first time since the pandemic began, traders have returned today to their posts in the pits of the London Metal Exchange. And, your update on gas prices across the country over Labor Day weekend.

Sep 06, 2021
The end of pandemic unemployment benefits
00:07:24

Federal pandemic unemployment benefits have now expired. Happy Labor Day? That means no more unemployment benefits for gig workers and the self-employed, no more extra $300 a week and no more extended benefits for people who’ve been unemployed for a long time. What will that mean for the labor market going forward? Plus, the NFL season starts Thursday, and a lot of fantasy football leagues are having their drafts over this holiday weekend. There’s a lot of money on the line: The global market for fantasy sports is expected to grow to over $22 billion in 2021, according to Research and Markets.

Sep 06, 2021
London metal traders back in the “Ring” for first time since COVID
00:06:50

From the BBC World Service: The London Metal Exchange is the last trading hub of its kind in Europe, where traders work on a trading floor called the “Ring.” They execute trades by shouting and gesturing. But why bring traders back in person? Plus, while Ethiopia faces a shortage of foreign currency, rising prices and conflict in the Tigray region, many remain optimistic its economy will weather these challenges.

Sep 06, 2021
China’s third stock exchange could be a haven for small, cutting-edge tech firms
00:06:58

China is setting up a third stock exchange, this time in Beijing. Jennifer Pak joins us to talk about how this third stock exchange could compliment the other two and possibly be a haven for small tech companies. Also, Christopher Low joins us for our markets discussion following the release of the August jobs numbers.

Sep 03, 2021
The United States leads the way when it comes to COVID-19 “vaccine tourism”
00:07:39

From the BBC World Service: People traveling to America from countries not affected by travel restrictions can get vaccinations for free at some airport clinics and pharmacies. Some even stay after their quarantine period has finished to take a vacation. Plus, why is Japan’s prime minister stepping down after only a year? And, North Korea’s leader tells state media the labor force needs to be fully mobilized ahead of harvest as the isolated nation struggles with food shortages, coronavirus outbreaks and the impact of drought and flooding.

Sep 03, 2021
Can wages still keep trending upward?
00:07:23

We look into the improving wages outlook for workers as we await numbers from the August jobs report. Signing bonuses, higher starting pay and more overall options have fueled the rise of earnings, but can the momentum last? The BBC reports on the United States being the most popular “vaccine tourist” destination. It’s already holiday shopping season at the ports, which are starting to fill up.

Sep 03, 2021
First-time jobless claims are down, but Hurricane Ida adds more problems
00:07:17

Diane Swonk is today’s guest for our discussion about jobless claims, employment data and the terrible timing of Hurricane Ida. The CDC urges unvaccinated people to not travel on Labor Day, but that’s unlikely to change their minds, according to experts. We also check in on a special art class that educates children of color about NFTs.

Sep 02, 2021
China warns U.S. envoy John Kerry that strained relations a risk to climate change progress
00:07:44

From the BBC World Service: Chinese Foreign Minister Wang Yi told Mr. Kerry that Beijing won’t divorce talks about carbon reduction from other issues such as sanctions and tariffs. Plus, Zambia’s commodities, including copper, could be key in global electric vehicle production. And, could recent turmoil threaten Afghanistan’s exports of saffron, the world’s most expensive spice?

Sep 02, 2021
The joy of … strangers? We can explain.
00:07:38

Journalist Joe Keohane’s book, “The Power of Strangers: The Benefits of Connecting in a Suspicious World,” examines the advantages of connecting with people we don’t know. David Brancaccio connects with him for a discussion. Also, Nancy Marshall-Genzer shares of details about Hurricane Ida’s path of destruction as it makes its way through New York and New Jersey, and what the potential damage cost could be in Louisiana.

Sep 02, 2021
Unpacking the memories of a Michigan sports-card store
00:07:29

Downriver Rookie was a sports-card store in Michigan that evokes an age long ago when trading cards were an item of pure fun. The store is gone now, but the memories remain for one of our listeners, who shares them with us. We also delve into the decline of auto sales. Susan Schmidt joins us as our guest to talk about ADP research data, and what it shows about the jobs added in August.

Sep 01, 2021
Sri Lanka declares economic emergency over food and other supply shortages
00:06:52

From the BBC World Service: Sri Lanka has seen a steep fall in the value of its currency, with private banks struggling to pay for imports, causing a spike in food prices. Plus, as El Salvador prepares to adopt Bitcoin as a form of legal tender, a new $150 million fund has been approved to facilitate conversion from Bitcoin to U.S. dollars. And, what a COVID-19 lockdown in Vietnam could mean for your morning coffee.

Sep 01, 2021
The restaurant industry’s reckoning has arrived. What’s next?
00:07:56

The COVID-19 pandemic has exposed the problematic nature of operating a restaurant on tight margins, cheaper ingredients and cheaper labor. We spoke to Peter Hoffman, a chef and former owner of the farm-to-table restaurant Savoy and whose book “What’s Good? A Memoir in Fourteen Ingredients” examines how the restaurant sector reached this point. We also have a few more details on President Biden’s plan to tackle affordable housing. Workers at Starbucks are trying to form the coffee chain’s first-ever union.

Sep 01, 2021
Can new features help teleconferencing platforms like Zoom keep up?
00:07:30

You’ll soon be able to make charitable donations directly through Zoom. The video conferencing platform announced the move along with their quarterly earnings on Monday, partnering with fundraising company Pledge to embed its app in Zoom calls. With some workers going back to the office, video tele-conferencing platforms are trying to offer new features to stay competitive. Also, we get a look at consumer confidence, which is not looking high at the moment. The BBC checks in to share news on the economic struggles of Afghanistan following the Taliban takeover.

Aug 31, 2021
Hurricane Ida could exacerbate oxygen shortage issues for hospitals
00:07:52

The pandemic has strained the oxygen resources of hospitals around the country, but Hurricane Ida’s battering of Louisiana could make the problem worse, as transportation routes for that oxygen could be cut off. China correspondent Jennifer Pak shares details of China’s video gaming stocks following the announcement of online playing time restrictions for children. Senior economics contributor Chris Farrell stops by to talk about the concept of the “democratization of personal finance.”

Aug 31, 2021
Afghans struggle to access their bank accounts and essential supplies
00:07:00

From the BBC World Service: People in Afghanistan are living in tenuous economic conditions: rising inflation, some salaries haven’t been paid for months and cash supplies are limited. Plus, a United Nations warning that Madagascar is on the verge of the world’s first climate change-induced famine.

Aug 31, 2021
Ida’s impact wrecks Gulf Coast power grid, chokes off resources
00:09:49

Though downgraded to a tropical storm, Ida has still led to flash flood warnings, a loss of power in the entire city of New Orleans, and at least one fatality. It has also hobbled oil and gas production in the Gulf of Mexico. With this backdrop, Julia Coronado discusses the market picture (especially the Fed) and Nancy Marshall-Genzer delivers more storm details. We also look at how travel is shaping up as Labor Day approaches. For anyone already looking forward to a long weekend, we also look into a new process of undersea winemaking.

Aug 30, 2021
The US is about to be scratched off the EU’s safe travel list
00:08:13

The European Union is set to remove the United States from its safe travel list, which means Americans traveling to the area will face greater COVID-oriented restrictions. The BBC’s Victoria Craig offers up a few more details. There’s a bill in California that would make the state the second one in the country to effectively end single-family-only zoning. Also, roller skating has made a comeback, but even that has been affected by shortages. In this case, it’s the skates themselves.

Aug 30, 2021
German politicians face off in TV debate to see who will replace Angela Merkel
00:06:44

From the BBC World Service: It’s less than a month until Germany heads to the polls to elect their next chancellor. In the first televised debate, the leading candidates to succeed Angela Merkel and take the reins of Europe’s biggest economy clash over taxes and climate policy.  Plus, we profile the South African group looking to make it easier for women to work in the fishing industry.

Aug 30, 2021
South Korea’s debt picture is trending younger. That has some people worried.
00:09:16

South Korea’s central bank raised its main interest rates this week, which hasn’t happened in three years. Policymakers are concerned about a borrowing binge there, particularly from younger people. The BBC’s Laura Bicker helps explain debt in the first industrialized nation. Christopher Low drops in for our discussion about the markets. We also look into how banks can offer a variety of hurdles for adult businesses like the website OnlyFans.

Aug 27, 2021
Tesla showing mixed signals when it comes to the electric revolution
00:08:08

Automotive journalist Jamie Kitman sat down with us to talk about his piece on Tesla CEO Elon Musk, which details some of the mixed messaging Musk delivers when it comes to the idea of sharing Tesla’s tech with other competitors. It shows that Tesla, while being credited as one of the sparks of the shift to electric, might not be as eager for an actual electric revolution. In other news, Apple is going to allow developers to email customers using their apps about alternative payment methods instead of Apple’s commission-based system. This concession is part of a proposed settlement in a class-action lawsuit.

Aug 27, 2021
China’s regulatory wave hits the entertainment industry
00:08:32

From the BBC World Service: The Chinese government has put what it calls a “chaotic” celebrity culture squarely in its crosshairs. Plus: India lifts its ban on Boeing’s 737 Max jets, and a look at a solar-panel project in the Swiss Alps that could offer a blueprint for more alternative-energy solutions.

Aug 27, 2021
Apprenticeship programs could be one answer to the talent shortage question
00:10:03

Marketplace’s senior economics contributor Chris Farrell drops to discuss the long-neglected talent shortage and how it’ll take more than higher wages to address it. Also, we look into how employers’ adjustments to the pandemic could open up opportunities to reshape the workplace for people with disabilities. Diane Swonk converses with us about economic growth and the Fed’s various balancing acts to consider as the world’s top central bankers meet today.

Aug 26, 2021
Delta Airlines is flexing its penalty power. Will it work on its unvaccinated employees?
00:09:17

Delta Airlines is charging its unvaccinated employees $200 per month if they’re on the airline’s insurance. We ask if that kind of penalty-based approach could have the desired effect. Only about 11% of the money allocated to aid renters has gone out. We talk to Karen Petrou about the Fed’s annual gathering of the world’s top central bankers.

Aug 26, 2021